who owns the alaska pipeline

In 1994, The Wit and Wisdom of Wally Hickel, a collection of his quips and quotations compiled by Malcolm Roberts, was published. How many years of oil is left in the earth? Carl Weimer, special projects advisor for the Pipeline Safety Trust, a non-profit watchdog organization, says its a head scratcher to try to predict how Hilcorp will perform now that it is the principal owner of TAPS because it has no track record of administering oil pipelines of significant size. Hickels first tourist-related facility, the Travelers Inn, one of the first quality hotels in Anchorage, opened in 1953. As the new centerpiece of Hilcorps Alaska holdings, the Trans-Alaska Pipeline faces increasing threats from floods and thawing permafrost that has left Ayleska scrambling to defend it against catastrophic failures. Rystad Energy estimates Alaskas remaining recoverable oil reserves to be 23.3 billion barrels of oil and condensates. It has worked to shore up pipeline support structures wreaked by thawing permafrost. He said he is confident those petroleum giants would step in to protect the pipelineand consequently their investments in the pipelineif Hilcorp faltered. 17. Harvest, like each of the TAPS owners, brings unique experience and expertise to further our collective goals and we appreciate their partnership and commitment to safe, efficient and environmentally responsible operations.. 21. 18. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Investments were comprisedalmost entirely of bonds, while the Legislature had a four-year publicdiscussion regarding whether the Permanent Fund should be managedas an investment fund or as an economic development bank. Hilcorps history of regulatory noncompliance and safety and environmental incidents, once characterized inexcusable by an Alaska regulator, drew the ire of critics during the regulatory hearings. Harvest Alaska operates pipelines in Cook Inlet and the North Slope and has crude oil and natural gas holdings. The products heat homes, motorize cars, fly planes, operate boats, support the military, and are key in road construction.. There are multiple steps in the refining process. Markets never sleep, and neither does Bloomberg. In 1974, as construction of the Trans Alaska Pipeline neared completion,Alaskans were looking towards the future and deliberating on how to bestutilize the anticipated mineral royalties. In 1981, he founded the Yukon Pacific Corporation to build the gas pipeline, estimated then to cost $11 billion. Alaska Pipeline Chronology | American Experience | PBS Access across Federal lands is required for approximately 230 miles of the 807-mile pipeline. Alyeska is a truly Alaska company, part of the fabric of Alaska's history and communities, and an essential element to the state's economic health. How much does North Slope pay? from 8 AM - 9 PM ET. Walter J. Hickel, Who Owns America?, 40-47. The thirty-year TAPS State and Federal land leases were due to expire in 2004. Preferred citation: Bruce Parham, Hickel, Walter J. We also produce propane and asphalt for the local market.. 55. What Investors Are Discussing atSummer Parties, Biden Administration to Appeal Ban on Social Media Contacts, New Jersey Lawyering Up Over NYC Congestion Tax, Murphy Says, International School Worth Close to $1 Billion Turns CEO Into Multimillionaire, Billionaire Mike Ashley Adds 150 Million to London Property Bet. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. They produce a wide range of fuels, petrochemicals, and lubricants to serve Americas highway, air, and rail transportation needs; for home, commercial, and institutional heating; and for power generation and use by industry, BP says. , . Alaska still runs on oil. The government responsibility in regulating TAPS is managed through the Joint Pipeline Office ([1], JPO), a consortium of thirteen federal and state agencies under the Department of the Interior. When typing in this field, a list of search results will appear and be automatically updated as you type. The major owner of the company is Hilcorp with 46.93% of the shares dating from the acquisition of BP. Because workers welded much of the pipeline at temperatures well below zero, engineers anticipated that the metal would expand once-hot oil began flowing through. Does Alaska have more oil than Saudi Arabia? Back in state, where value added at the refineries trickles into the communities, Andeavor stands by its commitment to the Last Frontier. Alyeska spokeswoman Michelle Egan said the pipeline would be operated securely under the new ownership arrangement, referring to Hilcorp by the name of its subsidiary, Harvest Alaska. Thirty-two Alyeska or contract workers were killed during the construction project. McLaughlin, in an ongoing bid to keep the companys financial books a secret, told the commission earlier this year that Harvest Alaska was adept at maintaining growth through acquisitions and a lower cost-structure while remaining a safe pair of hands for the future ownership and operations of the assets.. The corporation is named after an Aleut word meaning "mainland". The city emerged as a key military defense center, attracting military personnel and returning GIs, construction workers, and thousands of job seekers.17, Shortly after their marriage, the Hickels bought a partially framed house in Spenard, an Anchorage neighborhood. Alaska has long been known for its abundant supply of natural resources,and these resources have a long history of supplying revenue for the state. ANCHORAGE, Alaska (AP) ConocoPhillips Alaska faces a potential $914,000 fine over what a state regulatory agency called a "shallow underground blowout" of a well that released natural gas at the company's Alpine field on Alaska's petroleum-rich North Slope last year.. An investigation by the Alaska Oil and Gas Conservation Commission found the company violated several provisions of . Placing the founding language for the fund in the Constitutionhad the added benefit of helping protect it from being spent by theLegislature without a vote of the people. The Walter J. Hickel Papers, 1950-2010 (ca. Chris Allen, The Hickel Highway: An Early Road Across Arctic Alaska, Gates of the Arctic National Park and Preserve, National Park Service; Elizabeth Tower, Anchorage: From Its Humble Origins as a Railroad Construction Camp, 151; and Walter R. Borneman, Alaska: Saga of a Bold Land, 446-447. (1971) detailing his activities as U.S. Secretary of the Interior. The Best of Alaska Business winners are joined in this issue by a plethora of small business sources, from farm owners and tour operators to wine shop retailers and construction traffic control managers. A number of lawsuits were filed against the federal government to assert state rights.47 He settled the Mental Health Lands Trust dispute. In addition to the Andeavor refinery in Kenai, Petro Star operates the other two of three refineries in the state, one in North Pole and the other in Valdez. Tesoro Alaska Pipeline Company LLC Company Profile | Anchorage, AK The unit manages Tesoro Corporation's and Alaska's first oil refinery, at Kenai. The ten-bed intensive care and cardiac units were established. The Alaska Supreme Court also recently ordered the Alaska Oil and Gas Conservation Commission, one of the industry regulators in the state, to conduct hearings into Hilcorp and its operation of that pipeline after the agency declined to open an investigation in 2019 following one of the five leaks since 2014. ICN provides award-winning climate coverage free of charge and advertising. Hilcorp is a newer player but has a much larger profile in Alaska operations. Alaskas Finest, Fairbanks Daily News-Miner, December 16, 1955, 1; Walter J. Hickel, Who Owns America?, 68-69; and Terrence Cole, Fighting for the Forty-Ninth Star: C.W. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Once extracted, the crude oil begins an 800-mile journey from Prudhoe Bay down the Trans Alaska Pipeline System (TAPS) to the northernmost ice-free port in North America in Valdez. He built and operated commercial projects including the Northern Lights Shopping Center, University Center, Travelers Inn, and the Captain Cook Hotel.19, Hickel joined developers Carl Martin, Emil Pfeil, and Marvin Muktuk Marston in building rental units, high-end residential developments like Turnagain by the Sea, and neighborhood shopping centers.20 In 1951, he joined Carl Martin in building a forty-unit housing development they called Martin Manor. He is buried in Anchorage Memorial Park Cemetery.56 He was survived by his widow, Ermalee Hickel, and six sons. Joey Merrick told the commission. Alaskas North Slope has responsibly produced more than 18 billion barrels of oil since the discovery of the Prudhoe Bay oil field. He negotiated a settlement with the Exxon Corporation to pay for impacts from the 1989 Exxon Valdez oil spill. The move was one of Alaska's largest sales in a generation and made Hilcorp one of the largest oil producers in the state. Environmental organizations and pipeline experts continue expressing concerns about a secretive Texas petroleum company with a spotty safety record that acquired the largest share of the Trans-Alaska Pipeline last year as thawing permafrost and flooding linked to climate change threatened the massive oil conduit. Simply speaking, it would be a real mess. Heading downstream with Alaska-produced oil, Much of Alaskas crude oil remains in state and is refined into commercial and residential product used across the state, says Cameron Hunt, who is the vice president of and manages the Andeavor Kenai Refinery. Natural gas pipelines are constructed of carbon steel. Hilcorp touts itself as a leader in taking on dying oil and gas operations across the United States and reinvigorating production with innovation and integrity.. During the 1990 campaign and after Hickel was elected as governor, he was a visionary and strong advocate for more resource development. The commissions secrecy ruling, they argue, amounts to a violation of rights under the Alaska and United States constitutions, thereby impeding transparency and the right to question, investigate and monitor the discharge of RCAs duties.. From headline news to profiles of the proud pipeline people working on TAPS, find the stories here. But the biggest environmental problem with the Alaskan Pipeline is the potential for oil spills. Who paid for the Alaska pipeline? Harvest Alaska, an affiliate of Harvest Midstream Company, is a privately held midstream services provider based in Anchorage, AK. In 1986, he joined a crowded Republican primary race of eight other candidates from Fairbanks, Juneau, and Anchorage. See Daniel L. Haulman, The Northwest Ferry Route, Alaska at War, 1941-1945: The Forgotten War Remembered (Anchorage: Alaska at War Committee, 1995; reprint ed., Fairbanks: University of Alaska Press, 2008), 324. On June 20 of 1977, oil left Prudhoe Bay through the pipeline for the first time ever. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. He upgraded offshore drilling regulations by writing strict new regulations for offshore oil production. Exxon transfers Point Thomson operations on Alaska's North Slope to TAPS crosses landheld by a variety of owners, including the federal government, the State of Alaska, and private owners. Harvest Midstream operates crude oil and natural gas gathering, storage, transportation, treatment and terminalling interests across the Lower 48 and Alaska. In 1955, he opened a second Travelers Inn in Fairbanks, a seventy-unit inn that was twice the size of the Travelers Inn in Anchorage.21, In 1958, Hickel opened the Northern Lights Shopping Center, the first in Alaska, on the outskirts of Anchorage. Another process, diesel desulfurization, is used to create Ultra Low Sulfur Diesel (#1 and #2), while vacuum distillation produces asphalt and gas oils. Alaska refineries are part of a broader market that includes West Coast and Asian refineries, according to a 2016 AOGA report. Can the New Wave of Restaurants Make NYC a Late-Night Dining Town Again? Walter J. Hickel, Who Owns America?, 48-53. After urging President Nixon to give more respect to the views of young people about the Vietnam War, he was fired by Nixon on Thanksgiving Eve 1970. You could get on the bottom of it in Anchorage and arrive at the top in Spenard because the city limits went right through it. (Anchorage: Publications Consultants, 2001). He later said: The greatest thing that I got out of my childhood was not formal schooling but religious training and a sense of confidence in whatever I had to do. 25. This effort, formerly the Governors Economic Committee on North Slope Natural Gas, proposed the construction of an 820-mile gas pipeline from Prudhoe Bay to Valdez to serve Alaska, west coast, and Pacific Rim markets or the so-called All-American Route he championed the remainder of his life.42. 22. About 90 percent of the about 236,000 barrels of crude oil the Cherry Point facility processes each day ends up as transportation fuel. Checks of $1,114 are expected to be paid to about 643,000 Alaskans, beginning this week. Natural gas (and similar gaseous fuels) are pressurized into liquids known as Natural Gas Liquids (NGLs). Enjoy this celebration of businesses large and small in the 49th State. Track your investments 24 hours a day, around the clock from around the world. For instance, we recently decommissioned an ageing terminal in a high-risk location, eliminating both a safety risk and air emissions in the Cook Inlet. Alyeskas commitment to safe and environmentally responsible operations has remained steadfast and fully supported by all of its owners, she said. A project to build a parallel natural gas pipeline is seeking additional state. Wally Hickel died on May 7, 2010, at the age of ninety, in Anchorage. Walter J. Hickel, Who Owns America? 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"What if the Alaska Pipeline blew up?" In the early 1940s, she worked as a secretary at Fort Richardson, and it was there that she met Hickel. 315 cubic feet), are held by the University of Alaska Anchorage Consortium Librarys Archives and Special Collections. Those revenues go directly into a general fund to be used for roads, health care facilities, schools and other social services. Lacking boxing gloves, he went at the bag with his bare hands: jab, hook, and cross. 53. Trans-Alaskas safety record: 18 oil spills in 20 years There have been 18 breaches of the Trans-Alaska Pipeline in the last 20 years, according to data from the Pipeline Hazardous Material Safety Administration (PHMSA). Wally, Cook Inlet Historical Society, Legends & Legacies, Anchorage, 1910-1940, http://www.alaskahistory.org. Another Andeavor refinery putting Alaska crude oil to work is the Los Angeles Refinery, near Port of Long Beach. If someone were to blow up the pipeline, it would make the mess from a tiny bullet hole look like a pinprick. Hal Spencer, Walter Hickel Joins GOP Race for Governor, Anchorage Daily News, May 17, 1986, A-1. We rely upon our uniquely-talented team members and contractors, some of whom are multi-generational employees, to meet that challenge 24 hours a day, 365 days a year. Hickel wrote his autobiography and national bestseller, Who Owns America? All rights reserved. Pipeline! The Building of the Trans-Alaska Pipeline (1980's - YouTube ConocoPhillips faces potential $914,000 fine over Alaska gas blowout Hydrogen pipeline transport is the transportation of hydrogen through a pipe. Hilcorp may be getting into operations that are an order of magnitude different, larger, and more risky than it ever has before, she wrote. Walter J. A bullet would not make a very big hole -- maybe the size of a dime. B1983.91.C5045.1, Ward Wells, photographer, Ward Wells Collection, Atwood Resource Center, Anchorage Museum at Rasmuson Center, Anchorage, AK. The products made from a 2017 barrel of crude would break down to about twenty gallons of gasoline, two gallons of hydrocarbon gas liquids, one gallon of heavy fuel oil, four gallons of jet fuel, eleven gallons of ultra-low sulfur distillate, six gallons of other products, and less than one gallon of other distillates (heating oil). , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Harvest and IGU Announce Partnership to Deliver LNG to Fairbanks. He was elected, in 1966, against heavy odds, as Alaskas second governor in the general election, defeating the Democratic incumbent governor, William A. Egan, in a hotly contested election by 1,080 votes.32. 33. The completion of this acquisition is a critical milestone for Harvest, Chief Executive Officer of Harvest Midstream, Jason Rebrook, said in a prepared statement. Home Equipment Quick Answer: Who Owns The Alaskan Pipeline. TAPS is operated by Alyeska Pipeline Service Company (Alyeska) on behalf of its five owners; ConocoPhillips owns 29%. Andeavors Kenai refinery is configured to process Alaska crude oil as well as specific foreign or Lower 48 crude oil types. They had one son, Theodore Jeffrey Ted Hickel. v t e The history of Alaska dates back to the Upper Paleolithic period (around 14,000 BC ), when foraging groups crossed the Bering land bridge into what is now western Alaska. 37. Even with the increase, TAPS is still operating at only one-third of its capacity, having seen a 39 percent decline in the past ten years, according to AOGA. What if the Alaska Pipeline blew up? | HowStuffWorks In 2016, an average of 517,868 barrels was moved through the pipeline daily, marking the first increase in TAPS throughput since 2002. The State of Alaska selected the final 23 million acres of its 103 million acre entitlement. Totem Marine Tug & Barge, Inc. v. Alyeska Pipeline Service Co. was argued before the Alaska Supreme Court in 1978. About TAPS TAPS Facts The effects of climate change are occurring rapidly in Alaska and nowhere more than in the Arctic and areas with permafrost, Mike Byerly, a resident of Homer, told the commission. Even at todays low oil prices, oil revenues account for approximately 67 percent of unrestricted General Fund revenues in FY 2017, according to the Alaska Resource Development Council, a nonprofit, membership-funded organization of individuals and companies from the states oil and gas, mining, timber, tourism, and fisheries industries. 26. Harvest Alaska acquires 49 percent stake in TAPS and Alyeska - PR Newswire Dan Gearinos habit-forming weekly take on how to understand the energy transformation reshaping our world. Since then, the refinery has diversified its capabilities, and today it accepts and refines crude oil from around the world. It took more than $2 billion to clean up the 11 million gallons that leaked from the Exxon Valdez. The first oil flowed into the pipeline on June 20, 1977, and the first tanker load departed from Valdez on August 1, 1977. We dont know their financial situation, said Epstein, who is president of LNE Engineering and Policy, an Anchorage environmental consulting firm. Wally Hickelcame to Alaska in 1940 with thirty-seven cents in his pocket and used it as seed money to become a self-made multi-millionaire, businessman, and politician. Entry for Walter J. Hickel, in Creating Alaska: The Origins of the Forty-Ninth State, University of Alaska; http://www.alaska.edu/creatingalaska/whos-who/alaskans/business-leaders/hickel (accessed November 15, 2015). ARCO, or the Atlantic Richfield Oil Company, is now a subsidiary of British Petroleum (BP). A critical shortage of housing became the number one problem. Hickel hired Tom Kelley, a personal friend from Houston, Texas, who had experience in oil exploration and knew how oil companies acted and reacted, to plan additional lucrative oil sales. Alaska Pipeline Company owns and operates the high-pressure gas pipelines that transport gas from Alaska's Cook Inlet gas fields to ENSTAR Natural Gas Company's distribution system and various commercial customers of ENSTAR. He was chairman of a local 1959-1960 $750,000 fundraising drive to build a new 97,000-square foot hospital at the Goose Lake site. Because major capital decisions for maintaining TAPS require a two-thirds majority (historically BP and one other major owner), Hilcorp will have a de facto veto over major capital decisions., McLaughlin, the Hilcorp attorney, told the commission that Harvest Alaska and its affiliates were a very substantial multi-billion dollar group of companies that could respond to and remediate an environmental event here in Alaska., To which di Suvero responded: That kind of thinking displays a profound hubris and ignorance of the power of Alaskas environment. The EIA estimates that about 10.4 billion barrels of oil can be recovered from ANWR, just over a year of American consumption. Walter J. Hickel, Who Owns America?, 66. Harvest Alaska now owns BP's stake in Trans-Alaska Pipeline System as In 1974, as construction of the Trans Alaska Pipeline neared completion, Alaskans were looking towards the future and deliberating on how to best utilize the anticipated mineral royalties. Occasionally, he traveled to Ladd Field near Fairbanks to inspect Lend-Lease program aircraft, mostly P-39s and P-63 fighters and A-20 light bombers bound for the Soviet Union.14 Owing considerable money on outstanding medical bills, he tended bar nights at the South Seas Cocktail Lounge at Fourth and G Street.15. BP is selling its Alaska assets in order to shift its business toward more profitable regions. Hickel was named as Alaskan of the Year in 1969, and received twelve honorary college degrees. Work Pad, Length: 790 miles. Moodys Investor Service and Standard & Poors considered downgrading Hilcorps credit rating because of the doubt created by Hilcorps vague financing explanation. U.S. Coast Guard Pollution Incident Database. Hickel spent the next decade promoting a natural gas pipeline from the North Slope to Valdez parallel to the Trans-Alaska Pipeline and building a gas liquefication plant at Valdez. How long did it take to build the Alaska pipeline? About TAPS TAPS Facts Construction Throughput Pump Stations Flow Assurance Ship Escort Response Vessel System (SERVS) Valdez Marine Terminal (VMT) Oil Spill Response Capabilities Drills and Exercises 2. Oil was first discovered in Prudhoe Bay in 1968 and the 800 miles of 48" steel pipe was ordered from Japan in 1969 (U.S. steel manufacturers did not have the capacity at that time). During the mid-1940s, Hickel quickly took advantage of Alaskas population influx of the post-World War II period, an era of incredible growth especially for Anchorage. Native . For a more recent assessment, see Stephen Haycox, Battleground Alaska: Fighting Federal Power in America's Last Wilderness (Lawrence, KS: University Press of Kansas, 2016). It brings forth images of power, control, and independence, and as a pugnacious stance to anyone who would trespass on Alaskas rights.45 During his campaign and in his public appearances as governor, Hickel focused on the theme of more resource development and often used the term owner state as a political mantra to advocate for taking control over the development of states abundant resources. Something like 40 million gallons of oil would be lying on the ground. 1943 Despite their relatively small size, refineries in Alaska add value and provide jobs. ANCHORAGE, Alaska, Aug. 27, 2019 /PRNewswire/ -- Today, Harvest Alaska (Harvest) announced it will acquire all of BP Transportation Alaska's ownership in midstream interests in Alaska including a 49 percent interest in the Trans-Alaska Pipeline System (TAPS), 49 percent of Alyeska Service Company and other related midstream interests. Oil production has been the engine of economic growth in Alaska. The Hickel Investment Company opened the University Center of Anchorage in 1972 and, in 1977, opened a similar shopping center complex, the University Center of Fairbanks.26 As of 1990, its major holdings included the Hotel Captain Cook, University Shopping Center, Northern Lights Shopping Center, Mountain View Shopping Center in Anchorage; Valley River Shopping Center in Eagle River; University Shopping Center in Fairbanks; and the Birchwood Corporation, among other commercial properties.27, Hickel was an ardent and effective advocate for Alaska statehood during the late 1940s and into the 1950s.28 He was politically active by 1952 with a bipartisan majority when he joined the statehood campaign to increase Alaskas statehood land grant to at least 100 million acres.29 In 1954, he traveled to Washington, DC on a statehood pilgrimage flight to advocate for statehood to Congress and the Eisenhower Administration.30 He was among a group of fifteen representatives of the Alaska contingent to confront President Dwight D. Eisenhower, with Territorial Senator John Butrovich as spokesman, on the subject of statehood.
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